Identifying, Securing, and Defending Intellectual Property Rights

Intellectual Property Audits

The Erickson Law Group performs intellectual property audits for businesses. An intellectual property audit is a systematic review of the IP assets owned, used, or acquired by a business. Its purpose is to (1) inventory all IP owned, licensed, or acquired by the company, (2) to estimate the value and future cost associated with each IP asset, (3) reveal under-utilized IP assets, (4) identify any threats to a company’s bottom line through inadequately protected IP assets, and (5) to enable business leaders to craft informed strategies that will maintain and improve the company’s market position.